Exhibit 99.2

CRANE CO.

Consolidated Income Statement Data

(in thousands, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2004			2003			2004			2003
Net Sales:
Aerospace & Electronics	$	126,436		$	104,073		$	245,713		$	191,447
Engineered Materials		74,321			58,278			143,331			121,164
Merchandising Systems		42,591			39,869			82,041			77,475
Fluid Handling		217,890			187,812			421,778			361,280
Controls		17,945			16,015			34,698			31,225
Intersegment Elimination		(76	)		(74	)		(149	)		(148	)
Total Net Sales	$	479,107		$	405,973		$	927,412		$	782,443
Operating Profit:
Aerospace & Electronics	$	23,927		$	23,278		$	44,148		$	40,149
Engineered Materials		15,782			11,674			31,313			24,638
Merchandising Systems		3,121			1,322			3,595			(796	)
Fluid Handling		14,923			13,697			23,649			21,122
Controls		1,237			986			2,127			1,383
Corporate		(8,235	)		(8,046	)		(15,400	)		(15,406	)
Total Operating Profit		50,755			42,911			89,432			71,090
Interest Income		167			309			389			498
Interest Expense		(5,687	)		(4,141	)		(12,228	)		(8,084	)
Miscellaneous- Net		37			(833	)		(181	)		(998	)
Income Before Income Taxes		45,272			38,246			77,412			62,506
Provision for Income Taxes		14,034			12,239			23,998			20,002
Net Income	$	31,238		$	26,007		$	53,414		$	42,504
Depreciation and Amortization	$	14,831		$	12,848		$	28,629		$	25,212
Per Diluted Share Data:
Net Income	$	0.52		$	0.44		$	0.89		$	0.72
Average Diluted Shares Outstanding		60,042			59,394			60,240			59,437
Average Basic Shares Outstanding		59,214			59,287			59,395			59,349

CRANE CO.

Condensed Consolidated Balance Sheets

(in thousands)

	June 30, 2004		December 31, 2003
ASSETS
Current Assets
Cash and Cash Equivalents	$	38,343	$	142,518
Accounts Receivable		298,268		248,492
Inventories		263,004		235,431
Other Current Assets		32,280		35,335
Total Current Assets		631,895		661,776
Property, Plant and Equipment		292,080		302,638
Other Assets		317,256		311,123
Goodwill		568,157		536,239
Total Assets	$	1,809,388	$	1,811,776
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Current Maturities of Long-Term Debt	$	8	$	100,275
Loans Payable		73,816		—
Accounts Payable		146,094		116,885
Accrued Liabilities		174,650		171,438
Income Taxes		37,901		29,976
Total Current Liabilities		432,469		418,574
Long-Term Debt		296,266		295,861
Deferred Income Taxes		58,596		57,738
Postretirement, Pension and Other Liabilities		232,977		253,352
Common Shareholders’ Equity		789,080		786,251
Total Liabilities and Shareholders’ Equity	$	1,809,388	$	1,811,776

CRANE CO.

Condensed Consolidated Statements of Cash Flows

(in thousands)

	Three Months Ended June 30,						Six Months Ended June 30,
	2004			2003			2004			2003
Operating Activities:
Net income	$	31,238		$	26,007		$	53,414		$	42,504
Income from joint venture		(1,135	)		(1,164	)		(1,668	)		(1,535	)
Depreciation and amortization		14,831			12,848			28,629			25,212
Cash used for operating working capital		(7,632	)		(1,598	)		(37,106	)		(5,757	)
Asbestos-related payments		(2,376	)		(1,852	)		(6,190	)		(2,273	)
Other		(2,460	)		(3,285	)		(6,715	)		(4,573	)
Total provided from operating activities		32,466			30,956			30,364			53,578
Investing Activities:
Capital expenditures		(5,758	)		(6,606	)		(10,902	)		(13,090	)
Proceeds from disposition of capital assets		621			567			795			911
Payments for acquisitions, net		—			(168,818	)		(50,630	)		(168,818	)
Proceeds from divestitures		—			400			—			1,600
Total used for investing activities		(5,137	)		(174,457	)		(60,737	)		(179,397	)
Financing Activities:
Dividends paid		(5,915	)		(5,929	)		(11,868	)		(11,874	)
Settlement of treasury shares acquired on the open market		(19,282	)		(525	)		(42,748	)		(6,641	)
Stock options exercised - net of shares reacquired		2,638			187			9,180			547
(Repayment) issuance of debt, net		(5,011	)		136,680			(27,754	)		137,712
Total (used for) provided from financing activities		(27,570	)		130,413			(73,190	)		119,744
Effect of exchange rate on cash and cash equivalents		(497	)		889			(612	)		1,544
Decrease in cash and cash equivalents		(738	)		(12,199	)		(104,175	)		(4,531	)
Cash and cash equivalents at beginning of period		39,081			44,257			142,518			36,589
Cash and cash equivalents at end of period	$	38,343		$	32,058		$	38,343		$	32,058

CRANE CO.

Order Backlog

(in thousands)

	June 30, 2004		March 31, 2004		December 31, 2003		June 30, 2003
Aerospace & Electronics	$	353,087	$	319,954	$	277,173	$	304,975
Engineered Materials		16,197		17,564		11,787		11,071
Merchandising Systems		11,024		11,176		10,330		11,827
Fluid Handling		172,120		163,955		140,192		140,657
Controls		13,451		13,029		12,169		13,481
Total Backlog	$	565,879	$	525,678	$	451,651	$	482,011

CRANE CO.

Non-GAAP Financial Measures

(in thousands)

	Three Months Ended June 30,						Six Months Ended June 30,
	2004			2003			2004			2003
Cash provided from operating activities	$	32,466		$	30,956		$	30,364		$	53,578
Less: Capital expenditures		(5,758	)		(6,606	)		(10,902	)		(13,090	)
Dividends		(5,915	)		(5,929	)		(11,868	)		(11,874	)
Free cash flow	$	20,793		$	18,421		$	7,594		$	28,614

Free cash flow provides supplemental information to assist management and certain investors in analyzing the Company’s ability to generate positive cash flow.

Free cash flow is considered a measure of cash generation and should be considered in addition to, but not as a substitute for, other measures reported in accordance with generally accepted accounting principles and may be inconsistent with similar measures presented by other companies.